, Singapore

Malaysia has yet to request return of 1MDB private jet: Singapore

The $48.27m jet is amongst assets identified for recall by the US Justice Department.

Bloomberg reported that Singapore has not yet received any formal request from Malaysia to recall the private jet of 1Malaysia Development Berhad (1MDB) financier Low Taek Jho as it is a part of the billion-dollar worth of assets that Prime Minister Mahathir Mohamad eyes to claw back.

The $48.27m Bombardier Global 5000 jet is only one amongst Low’s assets identified for recall by the US Justice Department.

Malaysia is stepping up on its efforts to recoup US$4.5b which allegedly vanished from its state fund 1MDB and has appointed a Singapore law firm to begin its asset recovery efforts.

Any request for the return of seized 1MDB-related assets will be handled according to Singapore’s legal framework, a representative of Singapore police said.

Here’s more from Bloomberg.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.